ICICI Bank Q2 net rises to Rs 2352 crores

Business

oi-Sunil

By Sunil Fernandes

Published: Friday, October 25, 2013, 12:49 [IST]

ICICI Bank reported better then expected numbers with net profits rising to Rs 2352 crores for the quarter ending Sept 30, 2013, as against Rs 2274 crores in the previous quarter of the current year.

Total income rose marginally to Rs 12,979 crores, as against Rs 12,904 crores in the previous quarter.

Gross non performing assets, a key financial parameter for banks declined to 3.08%, as against 3.23% (quarter-on-quarter).

Net non performing assets on the other hand worstened to 0.85% from 0.82% in the previous quarter. ICICI Bank's numbers including drop in gross non performing assets, provisioning and NII growth were much better then expectations.

Shares of ICICI Bank were marginally up at 0.70% on trade at Rs 1030 on the National Stock Exchange.

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